south korea

South Korea’s agtech startup Green Labs raises $140M Series C to accelerate global expansion

Green Labs, a South Korean agtech startup, announced this week it has closed a $140 million Series C led by BRV Capital Management, with participation from Skylake Incuvest and SK Square. The startup

Twitter expands misinformation reporting feature to more international markets

Last August, Twitter introduced a new feature in select markets, including the U.S., that invited users to report misinformation they encountered on its platform — including things like election

South Korean HR automation platform flex raises $32M Series B at a $287M valuation

South Korea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $287 million. The latest funding, which brings its total raised

App Annie: Global app stores’ consumer spend up 19% to $170B in 2021, downloads grew 5% to 230B

Consumer spending on mobile apps reached $170 billion in 2021, according to App Annie’s newly released “State of Mobile 2022″ report, out today, which offers a comprehensive look at

Apple to allow third-party app payment options in South Korea

Apple has submitted its compliance plans to allow developers to use third-party payment options in South Korea at a reduced service fee, the Korea Communication Commission (KCC) said on Tuesday. The K

Netflix gets its first Golden Globe for best motion picture (drama) in a bizarre, live-tweeted event

You didn’t miss last night’s Golden Globes — it wasn’t on. But you may have seen the tweets. NBC announced in May 2021 it wouldn’t broadcast the awards show this year aft

Korean car-sharing startup SOCAR has filed for an IPO   

SOCAR, a south Korean car-sharing startup, has filed for an initial public offering, announced on Wednesday by Korea Exchange. The details — the number of shares to be offered in the IPO and the

AIMMO bags $12M Series A to advance data labeling technology  

Most artificial intelligence models are trained through supervised learning, meaning that humans must label raw data. Data labeling is a critical part of automating artificial intelligence and machine

KakaoEntertainment subsidiary acquires fantasy fiction platform Wuxiaworld

    South Korean startup Kakao Entertainment announced today it has acquired Wuxiaworld, an Asia fantasy fiction platform, via its serialized fiction app subsidiary Radish to bolster the

Tamatem raises $11M Series B led by PUBG maker Krafton

Jordan-based mobile game publisher Tamatem announced today it has raised $11 million in a Series B led by KRAFTON, a South Korean game developer behind PUBG, marking its first investment in the Midd

MrBeast’s ‘Real Life Squid Game’ and the price of viral stunts

First, everyone was talking about “Squid Game,” the Korean psychological thriller that became Netflix’s biggest series launch ever, with 142 million viewers. Now, everyone’s ta

Korea’s P2P lending startup PeopleFund gets $63.4M Series C led by Bain Capital

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 million (75.9 billion won) Series C round led by Bain Capital with participation from Goldman Sac

LG Energy Solution gets Korea Exchange’s nod for planned IPO

LG Energy Solution, the battery unit wholly owned by LG Chem, has received preliminary approval for an initial public offering, the Korea Exchange said in a statement on Tuesday. LG Energy Solution is

Korean proptech startup Rsquare raises $72M Series C to fuel its expansion

The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fees and comple

This new Android spyware masquerades as legitimate apps

Security researchers have uncovered a new spyware campaign that’s targeting South Korean residents with Android devices in order to steal confidential data. Unlike other spyware campaigns that typic

South Korean edtech startup Mathpresso adds Google as an investor

Mathpresso, the Seoul-based edtech company behind QANDA, an AI-based learning app for K-12 students, announced today it has added Google as a new investor. Google’s undisclosed investment is not

Apple ordered to comply with court’s decision over in-app payments in Epic Games case

A federal judge has ruled that Apple can’t push back the deadline to update App Store policies, as previously ordered in the court’s decision on California’s Epic Games v. Apple laws

Google Play to support alternative billing systems in South Korea, following new law

Following the passage of the so-called “anti-Google law” in South Korea, Google has announced it will comply with the new mandate by giving Android app developers on Google Play the abilit

Korean online payment service Kakao Pay surges nearly 114% on the first day of trading

Shares in Kakao Pay, the fintech unit of South Korea’s largest messaging app operator Kakao Corp, closed up 114% in its market debut on Wednesday. The Ant Financial-backed company ended day one of t

Korean autonomous driving startup 42dot bags $88.5M Series A to accelerate its growth

42dot, a South Korea-based autonomous transportation-as-a-service (TaaS) startup, announced today it has raised $88.5 million (104 billion WON) in a Series A round of funding to advance its urban mobi
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